Archive for 2015
Posted on: June 18th, 2015
A detailed overview of being sued by a debt collector (debt buyer) in small claims or district court
One of your five options when sued by a debt buyer (such as Asset, LVNV, Midland, Portfolio, etc) is to fight the case on your own.
Especially in small claims and district courts, this can be a great choice for you.
But what happens?
What happens from the moment you are sued until after the case is over?
If these questions… (Read more)
Posted on: June 12th, 2015
21st Mortgage address to receive notice of error and request for information under RESPA
We are filing lawsuits in federal court against mortgage companies (servicers) who violate RESPA in part by not properly responding to notice of error letters and request for information letters.
These letters are the more modern version of the old qualified written request under RESPA and these new letters (and new rules to help you) came about as of January 10, 2014.
But you have to… (Read more)
Posted on: June 10th, 2015
It is normally a great idea to talk to collectors on the phone (we cover in depth how to talk to collectors) but if you communicate in writing, our strong suggestion is you must do it by certified mail.
If you are not going to do that, then you are just wasting your time.
The reason is, you can have the greatest dispute letter, validation letter, cease and desist letter, etc. but if when the debt collector gets it, looks… (Read more)
Posted on: June 3rd, 2015
“I got sued — not on my credit report — is it too late to sue me?”
When you are sued, it is very smart to pull your credit reports to see what is this account saying? Often what is said on your credit reports is different than what the lawsuit is saying about you.
“But if the account is not showing up on my credit reports this means the account is too old to sue me on so I… (Read more)
Posted on: May 28th, 2015
“When facing a foreclosure, what is a short sale?”
A short sale is when you’re facing a foreclosure and you’re wanting to avoid that foreclosure. A short sale is where you agree with the bank to sell your house for less than what you owe. Here’s an example.
Suppose you owe $200,000, and you get an offer for $180,000.
That’s $20,000 short. You either have to come to the closing table with 20 grand or get your mortgage company to… (Read more)